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Booz Allen Hamilton Holding Corporation logo

Booz Allen Hamilton Holding Corporation

boozallen.com

What Do They Do?

Builds technology products and solutions, including artificial intelligence, cybersecurity and defense systems, for federal agencies and commercial customers.

How Do They Make Money?

Government agencies and other customers pay Booz Allen for allowable project costs plus a fee, staff hours at set rates, or specified work at a fixed price. Cost and hourly work is billed periodically, fixed-price work at milestones or monthly; invoices are generally paid within 30 days, though global commercial collections take longer.

FY2026 revenue

Who Are Their Customers?

Federal defense, intelligence and civil agencies form the main customer group; commercial organizations are also customers. Booz Allen works as both the prime contractor and a subcontractor.

Customers above 10% of revenue, FY2026
of revenue from one customer

Do Revenues Turn Into Profits?

Yes. It kept 8 cents of every revenue dollar as net income in FY2026 and turned 8 cents into free cash flow.

Operating income, FY2026
9% of revenue
▼ −25% vs FY2025 ($1.4B, 11%)
Net income, FY2026
8% of revenue
▼ −9% vs FY2025 ($935M, 8%)
Free cash flow, FY2026
8% of revenue
▲ +4% vs FY2025 ($911M, 8%)

How Are They Changing?

Since the FY2026 annual report
Latest quarter: Q2 FY2027, the three months to Sep 30, 2026
Revenue
▼ −4%
vs $2.9B in Q2 FY2026
Net income
▲ +3%
vs $175M in Q2 FY2026
  • Aug 24, 2026 Booz Allen completed its acquisition of Ultra Electronics Advanced Tactical Systems

Growing. Revenue grew 34% in 4 years, from $8.4B in FY2022 to $11.2B in FY2026, about 8% a year.

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